Oil prices rose slightly in trading on Tuesday (January 20) after better-than-expected Chinese economic data boosted demand optimism. Brent crude rose 19 cents (0.3%) to $64.13/barrel, while February WTI which expires today rose 25 cents (0.4%) to $59.69/barrel. The more active March WTI contract also edged higher to around $59.42/barrel. This strengthening was driven by news from China, the world's largest oil importer. The Chinese economy reportedly grew 5.0% through 2025, meeting the government's target. Refinery activity also increased, with refinery throughput rising 4.1% and crude oil...
Silver prices held steady above $33 an ounce on Tuesday, recovering from recent losses as trade uncertainty and broader economic concerns fueled demand for safe-haven assets. Hopes that US President Donald Trump could take a more targeted approach to tariffs before an April 2 deadline provided some relief to markets. However, his pledge on Monday to impose levies on auto, pharmaceutical and other industries added to the uncertainty. Meanwhile, expectations of further interest rate cuts from the US Federal Reserve also supported silver prices. Source: Newsmaker.id
Gold prices were stable on Tuesday (3/25) in the European session.After three consecutive days of losses, Gold is currently trading in the $3020 area. "Uncertainty remains over the level and scope of upcoming US reciprocal tariffs... gold continues to find support as a hedge against potential surprises," said IG market strategist Yeap Jun Rong. Trump's tariff policy is widely considered to contribute to slowing economic growth, fueling further trade tensions, and fueling inflation. Source: Newsmaker.id
Silver (XAG/USD) prices snapped a four-day losing streak during Asian market hours on Tuesday (3/25). The recovery was driven by rising safe-haven demand amid rising geopolitical tensions. The United Nations (UN) announced on Monday that it would reduce its international staff in Gaza by about a third after Israeli airstrikes killed hundreds of civilians, including UN personnel. After a two-month ceasefire brought relative calm to the 18-month war, Israel resumed a full-scale air and ground campaign against Hamas on Tuesday. Source: Newsmaker.id
Gold prices steadied on Tuesday after three straight days of losses as improving risk appetite and softer US tariff rhetoric prompted profit-taking in the safe-haven asset after its recent outperformance. Trump said on Monday that auto tariffs would go into effect soon even as he indicated that not all of the levies he has threatened would be implemented by April 2 and that some countries may get waivers, a move Wall Street took as a sign of flexibility on an issue that has roiled markets for weeks. Source: Newsmaker.id
Silver prices rose above $33.10 an ounce on Monday (24/03), snapping a three-day losing streak, as safe-haven demand increased amid geopolitical tensions and economic uncertainty in the U.S. Investors are closely monitoring U.S.-led efforts to end the Russia-Ukraine war, while fighting in the Middle East escalated following an Israeli airstrike on a Gaza hospital on Sunday that killed five people. Silver also found support from a weaker U.S. dollar, as concerns mounted that President Donald Trump's tariffs could slow economic growth. This, in turn, could prompt the Federal Reserve to cut...